SUI Price Eyes $3.60 Breakout After 20% Weekly Surge

TL;DR

• SUI kinds a symmetrical triangle, approaches $3.60 resistance, with rising quantity and bullish value construction.
• Fibonacci ranges present power above $3.18, with $2.82 and $2.60 performing as key assist zones.
• SUI rally fueled by tBTC launch and Grayscale report praising the community’s crew and structure.

SUI Value Sees Sturdy Weekly Positive aspects

Sui (SUI), the native token of the Sui blockchain, has posted a 20% achieve over the previous seven days. The value climbed from $2.94 to $3.24 in latest classes, supported by a $0.34 buying and selling vary that confirmed rising exercise. On the time of writing, SUI was buying and selling at $3.52, with a 24-hour quantity of $1.92 billion, and an 8.7% value enhance within the final 24 hours.

In the meantime, the latest rise comes after a sequence of market and ecosystem developments which have shifted momentum towards the bulls. Buying and selling volumes have elevated because the token approached key technical ranges that merchants are intently monitoring.

Technical evaluation reveals SUI consolidating inside a symmetrical triangle sample. This sample is usually seen during times of market indecision, the place each consumers and sellers slender the worth vary. Based on crypto analyst Ali, a detailed above $3.60 would verify a possible breakout from this formation.

$SUI is consolidating inside a symmetrical triangle. A sustained shut above $2.60 might be the breakout sign bulls have been ready for. pic.twitter.com/KyzWxOOslg

— Ali (@ali_charts) July 10, 2025

Notably, the triangle reveals persistently greater lows since February 2025, supported by an upward-sloping trendline starting round $1.92. As value motion nears the higher resistance boundary of $3.60, market watchers stay cautious of whether or not the transfer will proceed or pause throughout the vary.

Key Help and Resistance Ranges

Key Fibonacci retracement ranges are presently aligned with main zones of curiosity. The 0.618 degree at $3.59 intently matches the $3.60 resistance space. A transfer past this degree might point out sustained power. The 0.5 degree sits at $3.18, a degree SUI has already moved above, reflecting stronger momentum.

Help stays at $2.82, the 0.382 Fib degree, adopted by decrease assist close to $2.60. A transfer under this degree would maintain the triangle formation intact and recommend the worth might proceed to commerce sideways within the close to time period.

Catalysts Behind Current Momentum

SUI’s latest rally has adopted notable ecosystem developments. The launch of Threshold Community’s tBTC on the Sui blockchain launched bitcoin liquidity to the community, with a possible of over $500 million in BTC worth being added.

Moreover, a report by Grayscale highlighted the Sui blockchain’s design and improvement crew. The report pointed to the protocol’s structure, its origins from former Fb staff, and a method centered on expertise and scalability as key strengths.